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president obama's holding all of the cards in the tax fight. the gop's on the ropes and they are ready to cave. but with all things republican, there's always a catch. that's right. speaker boehner and company are looking to hold the debt ceiling hostage again. willing to downgrade our credit rating again. willing to risk our recovery again. just to get their way on spending cuts. the only problem for them, the president is in no mood to play. >> so i want to send a very clear messageç to people here. we are not going to play that game next year. in congress in any way suggests that they are going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation which, by the way, we have never done it in our history until we did it last year, i will not play that game. >> sorry speaker boehner. find someone else to play economic game with. the president isn't interested. he's done with their gimmicks. he's done with their ploys. he's done with the argument that they are the serious ones
president obama's holding all of the cards in the tax fight. the gop's on the ropes and they are ready to cave. but with all things republican, there's always a catch. that's right. speaker boehner and company are looking to hold the debt ceiling hostage again. willing to downgrade our credit rating again. willing to risk our recovery again. just to get their way on spending cuts. the only problem for them, the president is in no mood to play. >> so i want to send a very clear messageç...
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Dec 5, 2012
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thank you for joining us, "america live" begins right now. megyn: you take the car out, you have another hour before you get home. gregg jarrett tough on the teenage daughter. welcome, everybody. new pressure on president obama to take bold action on the controversial issue of global warming. welcome to "america live", i am megyn kelly. the nrdc has issued a groundbreaking proposal to cut pollution in america's power plants, saying that the epa can and should be used. rules for hundreds of existing power plants, bypassing congress altogether. this kind of proposal would obviously have huge economic impact that could spread across the industry that employ hundreds of thousands of americans. the coal industry. chris stirewalt is our digital politics editor and host of power play. this group has emitted this proposal and wants the epa to take control of these admissions in a way that president obama could not get through congress. he submitted his cap and trade proposal when the democrats controlled the house and senate. nancy pelosi got passed
thank you for joining us, "america live" begins right now. megyn: you take the car out, you have another hour before you get home. gregg jarrett tough on the teenage daughter. welcome, everybody. new pressure on president obama to take bold action on the controversial issue of global warming. welcome to "america live", i am megyn kelly. the nrdc has issued a groundbreaking proposal to cut pollution in america's power plants, saying that the epa can and should be used. rules...
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Dec 5, 2012
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, is that right? >>guest: absolutely not. not only me but my neighbors feel the same. we are the forgotten borough, we are the forgotten people. we are the middle class people and we are the working class people that have paid our taxes and we are not getting anything in run. it is always fema, deny this. you have to reapply. it is a joke. a joke. you are the president of the united states, you got that pen, you bailed out the banks, bail out the american people that don't have homes for the holidays. the president is going away. he is going to hawaii for christmas for 20 something days, where am i going to be? where are my neighbors going to be? we will not have a place called home. mr. president, you have to do something. you are the president. you got to get fema to react and put the trailers in areas and let people have places to live for the holiday. you are going to enjoy your holiday in hawaii. i'm going to be here with in lights, no electric, no plumbing, not having my kids here, what am i goi
, is that right? >>guest: absolutely not. not only me but my neighbors feel the same. we are the forgotten borough, we are the forgotten people. we are the middle class people and we are the working class people that have paid our taxes and we are not getting anything in run. it is always fema, deny this. you have to reapply. it is a joke. a joke. you are the president of the united states, you got that pen, you bailed out the banks, bail out the american people that don't have homes for...
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Dec 5, 2012
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that means taking responsibility right now. and this administration for getting our spending under control. >> 's the one that was president obama just weeks after he took office in 2009 at the opening of the fiscal responsibility summit. today we owe more than $16 trillion, and he wants to raise the debt ceiling to spend even more money that we honestly don't have. our next guest says that both sides are to blame equally. charlie is a columnist for the washington times. okay, they cannot be equal. who is more to blame? the president or congress. i would make the argument that obama is clearly the one. certainly democrats are probably little bit more to blame. two years ago, democrats ran the entire town. they had a filibuster proof majority in the senate. they control the house and white house. if they wanted to cut spending at that time, they could have done so. republicans -- they could've done it over every republican objection and they could've gotten everything they wanted. they didn't do that. but i do think it's worth r
that means taking responsibility right now. and this administration for getting our spending under control. >> 's the one that was president obama just weeks after he took office in 2009 at the opening of the fiscal responsibility summit. today we owe more than $16 trillion, and he wants to raise the debt ceiling to spend even more money that we honestly don't have. our next guest says that both sides are to blame equally. charlie is a columnist for the washington times. okay, they cannot...
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Dec 5, 2012
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., right? >> for sure. for sure. in addition to that, the white house team is reporting that it is apparent the gop may not dig in over the fiscal cliff and we may delay the fight. president obama addresses the business roundtable and that could be critical. david has an exclusive interview with ken moelis. back to you guys. >> let's get six in 60. six stocks in 60 seconds. >> yesterday's news overshadowed by many things. a fantastic quarter. we knew it would be household formation buying on weakness. >> 17 straight. number of quarters where they beat it. this was a major miss. >> rbc does not like clf. this is again china. i don't like it either but china is coming back. >> naz 100 taking on facebook. >> money is an index to the naz 100. people paid for this in premarket. it was a mistake. >> citi thinks limited can do a special div. >> limited has a lot of cash. gap said no yesterday. hurt the stock. >> goldman starts utx neutral. great company. a slap in the face, carl. boom. slap in the face. >> you got that righ
., right? >> for sure. for sure. in addition to that, the white house team is reporting that it is apparent the gop may not dig in over the fiscal cliff and we may delay the fight. president obama addresses the business roundtable and that could be critical. david has an exclusive interview with ken moelis. back to you guys. >> let's get six in 60. six stocks in 60 seconds. >> yesterday's news overshadowed by many things. a fantastic quarter. we knew it would be household...
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Dec 5, 2012
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here i-94 to break them down for us is diane macedo from the fox business network. >> that's right. the irs is releasing the rules on how to implement the new taxes that will take effect in 2013 to help pay for the affordable care act. one of the main runs is 3.8 percent sir tax on the investment income. the first tax ever to be applied to capital gains and dividend income. it is a broad range of investment securities and those making thmore than 200,000 a ye and married couples making more than 250,000. they are set to pay a .9 percent healthcare tax on their wages. together the two taxes are supposed to raise 318 billion over ten years. over those years more and more people will be taking them because the income level triggered the taxes doesn't rise with inflation. any one planning to sell a house make more than 500,000 and those gains will also be taxed. they will release a new form for taxpayers to fill out. 1230 returns related to all of the new taxes. all of the rules make it harder for individuals to comply with the regulations. believe it or not experts say they still leave
here i-94 to break them down for us is diane macedo from the fox business network. >> that's right. the irs is releasing the rules on how to implement the new taxes that will take effect in 2013 to help pay for the affordable care act. one of the main runs is 3.8 percent sir tax on the investment income. the first tax ever to be applied to capital gains and dividend income. it is a broad range of investment securities and those making thmore than 200,000 a ye and married couples making...
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. >>> a string of unseasonably mild days continues right now. a live look outside. and not too bad of a day. but not nearly as warm as the last few days we've seen. bob is in the first warning weather center with the updated forecast. bob? >> if you were asleep all day today, awake yesterday. and going out tonight. big change. because temperatures have been dropping. down to 49. now, it's down to freezing. 32 in oakland. that's coming our way. 48, ocean city. and we are running 11 degrees colder right now than we were yesterday at this time. in oakland, 22 degrees colder, as you see, out to the west. white a bit colder. and tomorrow will be a sunny, dry day. but it will be chilly. temperatures only in the 40s. probably only mid-40s tomorrow afternoon. it will be colder next day or so. but even milder air coming back for the weekend. >>> big business for baltimore. the national aquarium is one of the most popular tourist attractions downtown. and it's raking in money. wjz is live there now. christie ileto explains why this is good news for everyo
. >>> a string of unseasonably mild days continues right now. a live look outside. and not too bad of a day. but not nearly as warm as the last few days we've seen. bob is in the first warning weather center with the updated forecast. bob? >> if you were asleep all day today, awake yesterday. and going out tonight. big change. because temperatures have been dropping. down to 49. now, it's down to freezing. 32 in oakland. that's coming our way. 48, ocean city. and we are running...
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Dec 5, 2012
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obama's big meeting with some of those ceos. john? >> the other way the ceos are in the middle of this is the president appeared before the business roundtable today as part of his effort to continue rounding up support from various constituencies for what he calls a balanced approach. one of the things he pressed was a priority that the head of the business roundtable, john eng r engler, has suggested which is a longer term fix to the debt ceiling problem. remember that it was a catastrophic standoff in mid 2011 that caused the downgrade in u.s. credit. president said he's simply not going to negotiate in the negotiating process that results in the same kind of stand-off. here is the president. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation? which, by the way, we have never done in our history until we did it last year. i will not play that game because we've got to break that habit before it starts. >> so w
obama's big meeting with some of those ceos. john? >> the other way the ceos are in the middle of this is the president appeared before the business roundtable today as part of his effort to continue rounding up support from various constituencies for what he calls a balanced approach. one of the things he pressed was a priority that the head of the business roundtable, john eng r engler, has suggested which is a longer term fix to the debt ceiling problem. remember that it was a...
WHUT (Howard University Television)
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Dec 5, 2012
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the most trusted people on earth right now must be scientists. there is all this talk about we have to do the recording to the science. while the talks might begin moving at a snail's pace -- like a caravan stuck in a sandstorm. everyone seems to be breaking your neck to get far away from the sides as possible. the world is already here. and whether the u.s. or any other country, including my own andhey are living in it -- i would hope maybe their kids would turn around and tell their parents, haven't you noticed? we are already there. >> that was ronny jumeau of the seychelles. before that, you heard jonathan pershing, the chief climate change negotiator. so far, the u.s. envoy tod stern has only held one news conference after one week and half. he was goodlett told another one today, but if you look at today's list of meetings, the event is the only one marked in red. a press conference was cancelled. ronny jumeau is with us here in doha, representative of the alliance of small island states. and we are joined by martin khor, executive director
the most trusted people on earth right now must be scientists. there is all this talk about we have to do the recording to the science. while the talks might begin moving at a snail's pace -- like a caravan stuck in a sandstorm. everyone seems to be breaking your neck to get far away from the sides as possible. the world is already here. and whether the u.s. or any other country, including my own andhey are living in it -- i would hope maybe their kids would turn around and tell their parents,...
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. >> reporter: in his first interview since the election, president obama rejected a proposal from house speaker john boehner. he spoke on bloomberg television. >> unfortunately the speaker's proposal right now is still out of balance. i'm happy to entertain other ideas that the republicans may present. but we are not going to simply cut our way to prosperity or to cut our way out of this deficit problem that we have. we're going to need more revenues. in order to do that, that starts with higher rates for the folks at the top. >> reporter: the president did say today he would consider lowering rates again for the top two percent next year as part of a broader tax overhaul. the house republican plan envisions $2.2 trillion in deficit reductions over the next decade. $800 billion would come from new revenues but with no hike in tax rates for top earners. instead the plan relies on $1.2 trillion in reduced spending including $600 billion from changes in medicare and medicaid. at the white house today, the president met with a bipartisan group of governors pressing his own plan for deficit
. >> reporter: in his first interview since the election, president obama rejected a proposal from house speaker john boehner. he spoke on bloomberg television. >> unfortunately the speaker's proposal right now is still out of balance. i'm happy to entertain other ideas that the republicans may present. but we are not going to simply cut our way to prosperity or to cut our way out of this deficit problem that we have. we're going to need more revenues. in order to do that, that...
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Dec 5, 2012
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part of the reason i like the right purpose on medicaid, essentially to broccoli and the program to the states -- this is not a cut in spending come up with in the future increases to population growth and inflation, something like that. we found the states do exactly what we did welfare in 1990s. most people on both sides argue well. the great thing about paul's proposal as it's not new stuff. a lot of it has to do is another context. what's new is he at the political courage and skill to put in a package you could pass out. >> host: the geo-plan is to create a fiscal crisis of them privatize social security and medicare. just go absolutely not true. looks great in the fiscal crisis is not done with medicare and social security right now. our aim is to say those programs and expand for future generations. right now everyone is paying them more than their parents and grandparents stood typically don't make sense if this will get considerably less. medicare does deeper than not. let's end it with these things. is it not up on. for not talking about getting rid of the program. were talkin
part of the reason i like the right purpose on medicaid, essentially to broccoli and the program to the states -- this is not a cut in spending come up with in the future increases to population growth and inflation, something like that. we found the states do exactly what we did welfare in 1990s. most people on both sides argue well. the great thing about paul's proposal as it's not new stuff. a lot of it has to do is another context. what's new is he at the political courage and skill to put...
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Dec 5, 2012
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, president obama putting his foot down. he says no tax hikes for the wealthy, no deal. america hits that fiscal cliff in 27 days and that means tax hikes and deep spending cuts if the democrats and the republicans can't come together in some kind of a deal and with just ten days remaining until congress is scheduled to go home for the holidays, the clock ticking. here's what he told bloomberg news. listen. >> we're going to have to see the rates on the top 2% go up and we're not going to be able it to get a deal without it. >> we start this morning with white house correspondent dan lothian, he's in washington, d.c. okay. so who's got the ball in their court at this point then, dan? >> well, you know, i think the house gop, they have presented their counteroffer which white house spokesman jay carney is referring to as, quote, magic beans and fairy dust. we expect that house republicans will keep putting pressure on the white house to engage, push for more details on what the white house will accept when it comes to additio
, president obama putting his foot down. he says no tax hikes for the wealthy, no deal. america hits that fiscal cliff in 27 days and that means tax hikes and deep spending cuts if the democrats and the republicans can't come together in some kind of a deal and with just ten days remaining until congress is scheduled to go home for the holidays, the clock ticking. here's what he told bloomberg news. listen. >> we're going to have to see the rates on the top 2% go up and we're not going to...
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i asked the mayors, they said we went to business and said, what do you need to make this right? and i wish the obama administration would -- >> indiana and illinois. >> the key thing for business competitivene competitiveness with regard to health care, it's the slowest on record. now, you could -- >> it's the recession. >> it could be. >> the slow growth -- >> that wouldn't explain all of it. it does feel like -- of course we need more data points. >> it sharply outpaces inflation. >> not in the last two years. >> it's come down. >> not if you are somebody who is at a small company who is -- >> business is -- the most important there is the growth in the cost of health care. if this is helping to bend the cost curve -- >> if you talk to small businesses, they are looking at double digit increases. the tale of two worlds here. >> people that are 45 -- >> talk to any business person, they're adjusting and the health care industry's adjusting. >> we've got to go. >> we should have a longer conversation on this. >> yes, absolutely. >>> coming up, more data still ahead. we'll get th
i asked the mayors, they said we went to business and said, what do you need to make this right? and i wish the obama administration would -- >> indiana and illinois. >> the key thing for business competitivene competitiveness with regard to health care, it's the slowest on record. now, you could -- >> it's the recession. >> it could be. >> the slow growth -- >> that wouldn't explain all of it. it does feel like -- of course we need more data points. >>...
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who says president obama can't create jobs. there's one right there. he created a job. >> mitt romney has a new job. he's going back to work. he got a job at a marriott. how about that? mitt will be the guy when you're at the front desk arguing over your mini bar bill, mitt will be the guy that comes from out back, i understand there's some trouble. here, let me have a look at that. you know who's engaged? take a guess. hugh hefner. is this a rerun? isn't he always? always getting engaged.e hef admitted, i've fallen for her and i can't get up. >> she was looking forward to the ceremony. people saying are you talking about the wedding or a funeral? >> "early start" continues right now. >>> the manhundred is the over for the man accused of pushing another man inoncoming subway train. coming up, brand new video of the men arguing on the subway platform and "the new york post" cover that has the paper in hot water this morning. >>> plus, 133 people dead, killed in the massive typhoon that hit the philippines. complete details straight ahead. >>> we are ten
who says president obama can't create jobs. there's one right there. he created a job. >> mitt romney has a new job. he's going back to work. he got a job at a marriott. how about that? mitt will be the guy when you're at the front desk arguing over your mini bar bill, mitt will be the guy that comes from out back, i understand there's some trouble. here, let me have a look at that. you know who's engaged? take a guess. hugh hefner. is this a rerun? isn't he always? always getting...